If you have money available that you don’t plan to use within the next five years consider putting it in a safe account that will surely make it grow.
United Coconut Planters Bank is offering to the public Long-Term Negotiable Certificates of time Deposit (LTNCD) from August 8 to 15, 2011.
The features of UCPB’s LTNCD are:
- 6.0% interest per year guaranteed
- interest paid quarterly
- 5.25 years maturity
- insured by PDIC up to P500,000 per depositor
LTNCDs cannot be pre-terminated, but can be sold in the secondary market.
Move quickly if you plan to avail of this. The last time UCPB had an LTNCD issue in November 2010, it was oversubscribed by 50%. If you want to invest or need additional information, please contact any of the following selling agents:
1. UCPB (02) 811-9111
2. Multinational Investment Bancorporation (02) 811-0044, (02) 811-0059
3. Philippine Commercial Capital Inc. (02) 813-0461
4. Rizal Commercial Banking Corp. (02) 894-9513
Citicorp Capital Philippines is the sole arranger of this issue.
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